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Labrish
Nyuuz
Tanzania cracks down on idle mining, axes 73 licences
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[QUOTE="Munyaradzi Mafaro, post: 73126, member: 636"] Tanzania stripped 73 companies of exploration permits and medium-scale mining authorizations after operators hoarded vast mineral territories without developing sites, neglecting statutory payments, or fulfilling social responsibility commitments mandated under national extraction laws. Minerals Minister Anthony Mavunde announced the crackdown affects 3,002 square kilometers previously locked away by investors who secured licenses dating to 2013 yet launched zero productive activity despite regulations requiring operational starts within 18 months. The enforcement follows 205 breach notifications issued earlier this year, with major firms like Faru Graphite and Kabanga Nickel subsequently pledging immediate development after receiving cancellation warnings. Mavunde vowed continued purges of dormant permits to unlock opportunities for President Samia Suluhu Hassan's youth employment initiative targeting unemployed Tanzanians seeking mining sector careers, while inviting serious investors to submit applications for newly available areas. [/QUOTE]
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Labrish
Nyuuz
Tanzania cracks down on idle mining, axes 73 licences
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